BitMEX Expands Into Traditional Financial Markets

BitMEX is among the cryptocurrency markets longest-running derivatives exchanges. It has recently expanded into traditional financial markets via the launch of perpetual swap contracts which are tied to international currencies.

The company announced the debut of FX perpetual swap contracts, which shall reportedly enable users to trade over 20 foreign currency contracts. This is BitMEXs most significant move into non-cryptocurrency related products since it rebranded and hired exchange veteran Alexander Hoptner as CEO to replace founder Arthur Hayes.

Despite some initial setbacks, the launch of the contracts is indicative of BitMEXs continuing strategy wherein the company will keep on providing new and existing users with a wider range of cryptocurrency-margined contracts. These will also include products which shall enable traders to gain access to various commodities and currencies.